Commercial Lines
More Cyber Threats, Weakened Data Security Underscore Need to Better Understand Problem
An increase in spearfishing and ransomware, coupled with weakened data security due to more connected and mobile devices, means businesses and insurers need to understand and protect against these ...
China Drives 2016 Insurance Premium Growth: Allianz
Global insurance premium reached more than $3.8 trillion in 2016 — a new record high — and China appears to be a factor behind much of the growth, according to new projections from Allianz ...
Cities Propel Past Central Governments in Race to Curb Climate Change
Cities from Oslo to Sydney are setting goals to curb climate change that exceed national targets, causing tensions with central governments about who controls policy over green energy and transport ...
Uber Labor Settlement Paying Each Driver $1 Rejected by CA Judge
Uber Technologies Inc. failed to persuade a judge to approve a settlement offering 1.6 million California drivers an average of $1.08 each to dispense with alleged labor-code violations that their ...
Travelers Grabs UK Small Biz Online Insurance Broker for $490M
The Travelers Companies will snatch up Simply Business from Aquiline Capital Partners LLC for $490 million, a deal that gives it an online insurance broker with a focus on the small business market. ...
The Flat Streak Continues for U.S. Commercial Insurance Prices
U.S. commercial insurance prices continued their flat streak in the 2016 fourth quarter, climbing less than 1 percent, according to Willis Towers Watson's latest Commercial Lines Insurance Pricing ...
Hiscox USA Introduces Small Business Workers Comp Policy in California
Specialty insurer Hiscox USA has launched a new workers compensation insurance program for small businesses in California. The policy covers medical benefits and wages should an employee suffer an ...
Takata Sued by Nissan, Ford, BMW Over Faulty Airbag Losses
Nissan Motor Co., BMW of North America and Ford Motor Co. accused Takata Corp. of fraud in a lawsuit seeking to force the airbag manufacturer to cover losses they incur because of its faulty ...